The Average Joe

The Average Joe

About The Average Joe

Luxury Brands Are Watching a $59B Secondhand Boom From the Sidelines, And It’s Costing Them The fashion industry’s hottest business isn’t about selling something new. The luxury resale market surpassed ~$59B (€50B) last year, matching the entire off-price outlet channel...

Formula One Just Hit Terminal Velocity, Now Comes the Hard Part Formula One just had a breakout year — naturally, that’s when things get complicated. Under Liberty Media’s ($FWONK) turnaround, revenues have nearly doubled to $3. 9B,...

Xiaomi Doubles Down on Chips, Robots, and AI to Broaden Its Tech Ambitions Xiaomi’s ($XIACF) ambitions have quietly outgrown the “budget smartphone” label it once wore.